United Kingdom: HMRC introduces ‘advanced notification’ scheme for VAT registration to EU businesses in the event of a ‘No Deal’ Brexit

Businesses operating in the EU currently not required to register for UK VAT because of cross-border simplifications (e.g. zero-rating of intra-community acquisitions, or call-off stock arrangements) may need to do so if the UK leaves the EU on 31 October without a withdrawal deal.  In order to support supply chains for UK businesses with UK suppliers, EU suppliers that will become liable to registration from 1 November can now make an advanced notification which will only take effect if a ‘No Deal’ Brexit occurs. Doing so will also provide automatic notification of a UK Economic Operators Registration and Identification (‘EORI’) number to facilitate import and export of goods from the EU post-Brexit.  If in the meantime a UK-EU deal is reached, the application to register will be either cancelled or amended accordingly.  Full detail of the arrangement and how to make an application is published here: https://www.gov.uk/government/publications/vat-notice-7001-should-i-be-registered-for-vat/vat-notice-7001-should-i-be-registered-for-vat

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Jeff Gambold

Jeff Gambold is a Senior Regulatory Specialist at Sovos, with responsibility for ensuring that the SVR product is kept updated and compliant with the latest VAT legislative changes. Prior to joining Sovos, Jeff worked in various VAT advisory and management roles within HMRC, UK Top 15 accounting practices and commercial business.
Share This Post